Career Opportunities: Intern (m/f/d) in Financial Risk & Aggregation (FRA) (51308)

Who are we?

Are you keen on driving innovation? Do you thrive in a culture of diversity, collaboration and trust? Then let's care for tomorrow. At Allianz SE, you can count on having a voice, driving innovation and change and making an impact – for us, yourself and the world.   
For more about Allianz SE, Click Here.

Who will you be joining? 

Within Allianz SE, Group Risk (GR) is in charge of managing risks to bolster Allianz's financial strength and to support value-focused
company leadership. As such Group Risk is responsible for monitoring and reporting on the Group's overall risk profile, and thus ensuring that individual Allianz companies adhere to the Group's risk governance principles. Our risk framework covers approximately 100 entities worldwide providing risk measures, analysis and reports to 400 - 600 direct users.

Within Group Risk, the Financial Risk & Aggregation (FRA) team is covering the areas of financial risk and capital management as well as the maintenance and development of group-wide Internal Model with focus on real-world scenario generation, risk aggregation and tax modeling. Internal Model areas that are in scope of the team include among others those of equity and interest rate volatility, copulas and correlation settings management and tax-related topics. The position will be focused on the maintenance and further development of  key areas of the Internal Model with particular interest in risk aggregation such as the calculation of various Value-at-Risk (VaR) measures used for risk impact assessments both for the Group and the Operating Entities modelled internally.

How can you make an impact? 

• Support the development of quantitative risk management tools both in terms of modelling and programming, maintained by Group Risk and the team                                                                           
• Implement and test existing and new methods for risk measurement and investment solutions for the management of Allianz's portfolio exposures in line with the regulatory requirements

What are you made of? 

Minimum Qualifications 

• Currently enrolled in an undergraduate or Masters programme in a highly quantitative subject such as Mathematics/Mathematical Finance, Physics, Computer Science and Engineering or related
• Good command of at least one statistical programming language (e.g., Python and/or R, Excel VBA) ideally showcased via shared projects on Git or similar, with the ability to use it in a productive environment and create prototypes. Ability to understand and work with large datasets and knowledge of basic algorithms                                                                                                                                                                                                                                       
• Familiarity with fundamental mathematical and statistical concepts such as regression models, time series analysis, linear algebra, random variables and stochastic simulation methods, proved through relevant coursework or prior internship experience                                                                                                                                                                                                                                                                                                                                                                           
• Fluent in English                                                                                                                                                                                                                                                                                                                                                              
• We can only consider your application if you provide the following documents:

  • Certificate of enrollment (exception gap year)

  • Valid Work and residence permit (for non-EU citizens). Please check before applying if you can work with your current VISA

Preferred Qualifications

• A creative thinker with strong analytical and problem sovling skills capable of interpreting quantitative data, engineering and implementing algorithms for quantitative analysis
• Interest in capital markets and risk management and/or basic understanding of quantitative risk methods, financial and derivative secutiries is not neccessary but a plus
• Interest to be part of a dynamic and demanding environment
• Prior internship experience with a financial institution or in a quantitative role will be considered a plus
• Previous experience in business related functions (e.g. Sales, Operations, Claims, Underwriting, Investment Management, Asset Management, Consulting, Product Development, Finance, Market Management, Digital / Tech etc.) is a plus

Do we have what you need? 

• Flexible working arrangements (opportunity to work from home few days per week)

• Individual and Excellent career development opportunities/plans

• Family friendly working environment  

• Health & well-being offerings   

• Company pension & health insurance   

• Multi-national, diverse and inclusive community   

• Opportunity to make an impact on our sustainability initiatives  

 And there is much more! Find out more here: Allianz SE Benefits 

More information regarding our recruitment process: Allianz Careers

51308 | Finance & Accounting | Student | n.a. | Allianz SE | Full-Time | Temporary

To Recruitment Agencies: 

Allianz SE has an in-house recruitment team that sources great candidates directly. Therefore, Allianz SE does not accept unsolicited resumes from agency or search firm recruiters.

When we do work with recruitment agencies, that engagement is formalized by a contract. Fees will only be paid when there is a contract in place. Without a contract in place, we will not accept invoices on unsolicited resumes, even if the candidate was ultimately employed by Allianz.

Finally, please do not contact hiring managers directly.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Great to have you on board. Let's care for tomorrow.

Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.